Development Bank of Namibia

Namibian development bank

Loans
Equity Partnerships
Financial Advisory Services
Management Services
Export/Import Finance

Revenue

After tax: US$3.216 million (NAD: 35.3 million) (2011)Total assetsUS$146.01 million (NAD: 1.602+ billion) (2011)OwnerGovernment of NamibiaWebsiteHomepageFootnotes / references
Headquarters^[1]^: 22

The Development Bank of Namibia (DBN) is a state owned development bank in Namibia.

Overview

The bank began its operations in 2004. The main objective of DBN is to promote and finance development in those sectors of the economy which support development and the welfare of the citizens of the country. As of December 2011^[update], the total asset valuation of the bank was in excess of US$146 million (NAD:1.602 billion), with shareholders equity of approximately US$144.3 million (NAD:1.583 billion)^[2]

Leadership

The Development Bank of Namibia is led by a CEO who is part of the board of directors. CEOs of the DBN have been:

Martin Inkumbi (until 2023)^[3]
John Steytler (2023–)^[4]

References

^ "2013 Annual Report" (PDF). Development Bank of Namibia. Retrieved 5 December 2014.^{[permanent dead link]}
^ "Audited 31 March 2011 Financial Report". Archived from the original on 22 February 2014. Retrieved 13 February 2014.
^ "Annual Reports". www.dbn.com.na. Archived from the original on 2017-08-17. Retrieved 2017-08-17.
^ "Steytler Bags Development Bank's Top Post". Namibia Economist. 31 May 2023.